FinClear partners with Shadforth


FinClear has partnered with Shadforth Financial Group to deliver trading, clearing and settlement services, as well as its TradeCentre front-end technology.
David Ferrall, chief executive of FinClear, said Shadforth was an important addition to FinClear’s client stable.
“It’s great to see a strong, national brand like Shadforth join our community of banks, brokers and advisers,” Ferrall said.
“We’ve grown more than 200 per cent over the [last] 12 months, and this new partnership is really the icing on the cake for what’s been an outstanding 2018-19 financial year for FinClear.”
Gene Phair, head of Shadforth, Tasmania, said the partnership was a result of a rigorous search.
“We were seeking a provider who could not only deliver a fast and efficient broking service, but whose client-first values aligned with our own,” Phair said.
“FinClear demonstrated a clear and thorough understanding of our business, and despite being relative newcomers to the industry, are genuinely focused on delivering a first-class client and adviser experience.”
Recommended for you
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
Ahead of the approaching end of the financial year, State Street has shared five tips for advisers who are using ETFs in their client portfolios.
The use of active ETFs in model portfolios by financial advisers is a key factor in the growth of the products for iShares, according to BlackRock.
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.